Hyundai Motor to Pay Out Interim Dividends for the First Time

2015.06.12 17:23:00No. 4425

Hyundai Motor to Pay Out Interim Dividends for the First Time

June 12, 2015 – Hyundai Motor Company, South Korea’s largest automaker, announced today its intention to pay out interim dividends for the first time in history. Dividend payments, if approved by the Board of Directors (“Board”), will be made to those shareholders on record at the close of business on June 30, 2015. Final approval on the interim dividend amount and the payout ratio will be determined at the next scheduled Board meeting.

In April 2015, Hyundai Motor established an independent ‘Corporate Governance & Communication Committee’ comprised of four outside directors as part of a sub-committee of the Board to enhance communications with its shareholders and promote shareholders’ rights. Today’s announcement of a first-ever interim dividend marks another step forward by Hyundai Motor in an effort to maximize shareholders’ interest.

About Hyundai Motor Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in automobiles and beyond. The company, which leads the Hyundai Motor Group, an innovative business structure capable of circulating resources from molten iron to finished cars, offers top-quality best-sellers such as Elantra, Sonata and Genesis. Hyundai Motor has eight manufacturing bases and seven design & technical centers worldwide and in 2014, sold 4.96 million vehicles globally. With almost 100,000 employees worldwide, Hyundai Motor continues to enhance its product line-up with localized models and strives to strengthen its leadership in clean technology, starting with the world’s first mass-produced hydrogen-powered vehicle, ix35 Fuel Cell.